pigloo

[PW] Volume Standard Deviation

2645 visningar
178
Here is a nice little script that highlights areas of volume using standard deviation, you can choose the look back periods.

This script is based on the excellent script by: @SteynTrade -
I have simplified it a bit and made it readable to my taste using alpha to highlight high volume areas.

Enjoy.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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Kommentarer

Thank you. I would love if you could update to option for more colors based on STD. 0-1X, 1-2X, 2-3X and 3X+ for instance. And I would love to have the option to have RVOl numbers at the Y axis instead of volume.
Svara
Fantastic! Thanks for your excellent work.
Svara
So the highlighted volume bars suggest that the volume was outside of one standard deviation from the mean?
Svara
pigloo JonathanKrier
@JonathanKrier

Bright : Volume > 1 x STD of the look back period.
Very Bright: Volume > 2 x STD of the look back period.
Svara